The price of the parity bounced off the previous top and now it is declining toward the converge of the lower band of the smaller channel and the upper band of bigger one at 1.7370 level. If the price of the parity bounces off that or 1.7370 level, it will rise towards the upper band of the smaller formation.
In the second scenario, the price crosses both levels and retrace back into the frames of bigger formation and decline further, towards the bottom line of it.
Good luck!
LimitFX
In the second scenario, the price crosses both levels and retrace back into the frames of bigger formation and decline further, towards the bottom line of it.
Good luck!
LimitFX